Juanfran converted the winning spot-kick at the Vicente Calderon Stadium to separate the two clubs after they became the first to end a Champions League knockout match 0-0 on aggregate.

It took 16 kicks to finally produce a winner with Luciano Narsingh hitting the crossbar with PSV's eighth effort before Juanfran coolly delivered for his side

Atletico, who dominated possession throughout, are into the last eight for third successive year, having also needed penalties to beat Bayer Leverkusen last season.

Bolton Wanderers have parted company with Neil Lennon just days after Dean Holdsworth's takeover.

Wanderers are bottom of the Championship and 11 points from safety following last Saturday's 2-1 home defeat to Preston.

They have won just four league games all season and Lennon departs having won just 18 times in 80 matches in charge.

Academy chief Jimmy Phillips will take charge on an interim basis.

The Championship club had been operating under a cloud of uncertainty for over four months before Holdsworth completed his takeover with long-time owner Eddie Davies, whose decision to withdraw his financial backing left the club teetering on the brink of liquidation.

Lennon, like Dougie Freedman before him, had to make cutbacks to his squad and wage bill while being unable to bring in any players since a Football League embargo was imposed on the side at Christmas.